Many traders dream of becoming independent and profitable traders, but few of them succeed. Anyone with a little money and patience can become a forex trader. However, the skill and patience required to become a successful or profitable trader require limiting losses while identifying good trade setups with a positive risk-reward set up. There is no patterned formula or set of rules to guarantee success in forex. Instead, it is a combination of many things all at once - and to succeed in this market traders need to be patient, talented and mindful.